DALLAS, July 26, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Akeena Solar Inc., d/b/a Westinghouse Solar (Nasdaq:WEST). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/WEST
Akeena Solar Inc., d/b/a Westinghouse Solar (Nasdaq:WEST), is a manufacturer and distributor of solar power systems. The Company's award-winning patented solar panel technology reduces the parts count by 80% and labor costs by 50% relative to ordinary panels, while improving aesthetics, safety and performance. The Company has over 25 pending or issued patents related to solar panel installation technology. WEST sells its products across multiple channels that currently include a growing one-step distribution network of Westinghouse Solar authorized dealers throughout the U.S., Canada and Puerto Rico; as well as through retail at the Lowe's Home Improvement stores, and OEM partnerships with companies such as leading HVAC equipment manufacturers.
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In the report, the analyst notes:
"Shares of WEST spiked as much as 46% on Monday following news that home builder Lennar has selected the Company for its solar powered new homes.
"WEST reported revenue from continuing operations of $2.0 million for the first quarter of 2011, up from $729,000 in the same period of 2010 and down from $3.6 million in the fourth quarter of 2010. The 173.4% year-over-year increase is attributed to the growth of the Company's distribution network."
To read the entire report visit: www.microstockprofit.com/lp/WEST
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